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20121201
20121231
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CNBC 19
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KGO (ABC) 8
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Search Results 0 to 49 of about 107 (some duplicates have been removed)
CBS
Dec 11, 2012 5:30pm PST
.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800 million for mexican drug cartels and covered up illegal transactions for burma, iran, sudan, cuba, and libya. those nations were under banking sanctions because of human rights atrocities, terrorism, or, in iran's case, a nuclear program. the british bank will pay $1.9 billion to the u.s. government, the largest such fine in history. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way to act as a financial clearing house for international pariahs and drug dealers. h.s.b.c. officials listed mexico in its lowest risk category for money laundering during a four- year period when mexican drug cartels were funneling hundreds of millions of dollars through the bank. u.s. att
FOX Business
Dec 12, 2012 7:00pm EST
to back assad, and the list of suspicious dealings at hsbc is rising, one whistle lower tells us how he was silenced and fired for reporting what was criminal activity at hsbc, by the way $1.9 billion in finds, and nobody go going to jail, curious, huh? obama justice, we're coming right back. [ engine rev] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? s! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who ke more cash. what's in your wallet? lou: the civil war in syria escalating. meanwhile, u.s. is o
FOX Business
Dec 26, 2012 7:00pm EST
. hsbc agrees to being a mexican drug cartel bank. terrorists.ertern tonight she meets the former employee who tried to stop hsbc illegal conduct, former hsbc vice president with us tonight for an exclusive interview. xclu. suddenly, she does something unexpected and d you see the woman you fell in love with. she's everything to you. but your ererectile dysfunction- that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approd to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialisf you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an
FOX Business
Dec 26, 2012 10:00pm EST
to come and we will see how those, as well. the great state of south carolina. great fobeing with us. hsbc agrees to being a mexican drug cartel bank. terrorists.ertern tonight she meets the former employee wriried to stop hsbc illegal conduct, former hsbc vice president with us tonight for an exclusive interview. progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. lou: hsbc facing more legal problems tonight. it was a blower who worked as a former vice president and senior business manager is suing the largest bank, second-largest tank in the world for $10 million. said he was ongfully terminated from hsbc after he reported on suspected frauduleno accounts used for moneyer laundeng.n back in 2009. yesterday hsbc agreed pay are fine of $1.9 billion for transferring billions of dollars to nations including iran and drug cartels moving their money illegally through amer
KCSMMHZ
Dec 11, 2012 2:30pm PST
. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the hefty amount, this will have them avoid prosecution. this is unlikely to spell doom. >> the company is are dealing with this talking about cost- cutting measures and also stripping assets. as far as the fiscal issues are concerned, it is cover bowl. the reputation may take a little bit more time for them to get that back. >> hsbc is not the only european bank facing european money laundering charges in the united states. ing had to pay the highest bond today. credit suisse was also slapped with a stiff penalty. and the world bank of scotland, lloyd's, and barclays have also had to fork out. hsbc's $2 billion
Current
Dec 13, 2012 5:00pm PST
both for coming in. my next guest says hsbc is guilty of the worst behavior any bank can possibly be guilty of. we'll tell you how a $1.9 billion fine is hardly enough and i could not agree more coming up next. smiles make more smiles. when the chocolate is hershey's. life is delicious. you disgust me. prove it. enough is enough. d-con baits are specially formulated to kill in one feeding. guaranteed. d-con. get out. >> eliot: so let's take a look at what eric holder and lanny's department of justice has done. they brought a case against roger clemens and lost. they brought a case against john edwards and lost. they brought countless frivolous drug cases to pad their stats. what about torture? they said they wanted to be forward-looking which defies the job of a prosecutor. they brought no serious cases against the wall street banks whose misconduct led to the cataclysm of 2008. they have done nothing about walmart's total disregard for the foreign corrupt practices act or against news corp. for the rampant hacking and corruption
FOX Business
Dec 11, 2012 11:00am EST
. they then funneled hundreds of millions of dollars of transactions through the united states through hsbc there. be evading u.s. prohibition on such transactions by disguising the force of the fund so payments could go for a. hsbc has admitted its guilt to the four count information filed today which sets forth two violations of the bank secrecy act, violation of the international emergency economic powers act and violation of the trading with the enemy act. as part of its resolution of these charges hsbc has agreed $1,256,000,000, the largest amount ever by a financial institution for compliance failure. they also agreed to pay civil penalties of $665 million to resolve parallel regulatory actions brought by the office of the comptroller of currency and the federal reserve bank for a total recovery of over $1.9 billion. the resolution also requires hsbc to implement a series of compliance reforms that we expect to become a model in the financial industry. today's resolution involves multiple agencies and the culmination of years of investigation and analysis. the bank secrecy act investigation
Univision
Dec 12, 2012 11:35pm PST
informaciÓn sobre la investigaciÓn que llevo al bando hsbc aceptar el pago de penalidades por # mil millones de dÓlares en estados unidos la investigaciÓn permitio si no que facilitÓ el lavado de cientos de millones de dÓlares provenientes del narcotrÁfico mexicano. a pesar de lograr documentar diversas conductas delictivas el departamento de justicia no ha presentado cargo criminal en contra de es un solo funcionario del banco y bilma tiene mÁs. >>> el banco britÁnico que opera en 84 paÍses. se lavaran 881 millones de dÓlares. principalmente de los carteles de sinaloa de mÉxico. y del norte del valle de colombia. pero sus pecados fueron mÁs allÁ. y la sucursal de mÉxico y estados unidos se hicieron de la vista gorda por varios aÑos y thrilles de dÓlares se movÍan sin control, segÚn lo demuestra esta investigaciÓn del gobierno estadounidense. hsbc no vigilÓ, por valor de 0 billones de dÓlares. en el mismo perÍodo hsbc mexicano vigilÓ la compra de dÓlares en efectivo. por valor de 9. 4 millones de dÓlares. entre el 2006 al 2008. hsbc mÉxico. exportÓ 1 billones de d
Current
Dec 14, 2012 2:00am PST
both for coming in. my next guest says hsbc is guilty of the worst behavior any bank can of. we'll tell you how a $1.9 billion fine is hardly enough and i could not agree more coming up and good luck. ♪ [ boy 1 ] hey! that's the last crescent. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. >> eliot: so let's take a look at what eric holder and lanny's department of justice has done. theyey brought a case against roger clemens and lost. they brought a case against john edwards and lost. they brought countless frivolous drug cases to pad their stats. what about torture? they said they wanted to be forward-looking which defies the job of a pr
MSNBC
Dec 11, 2012 1:00pm PST
' lady ] live the regular life. phillips'. >>> one of the world's largest banks, hsbc, has agreed to make the biggest payment in history in a settlement over money laundering. a senate investigation found that hsbc, which is based in london, was involved in laundering millions of dollars for mexican drug cartels and even provided funding for saudi banks with links to other terrorist organizations. joining us now is pete williams, our justice correspondent. pete, in reading the report, it seems as though the mexican affiliate of hsbc, among others, has been operating with complete immunity. >> well, not millions of dollars, billions of dollars. >> billions. >> to launder from mexico, and i thought one of the interesting things today is the justice department announced this $2 billion settlement with hsbc is for some of the banks in mexico, the cartels were such regular customers, they knew the exact dimensions in the teller windows, what the gap was, and they had boxes specially made so they could slide the bocks of cash through the teller windows. what the government said today is that th
PBS
Dec 11, 2012 5:30pm PST
an almost $2 billion government settlement with british bank hsbc over charges of money laundering for the nation of iran and mexican drug cartels. >> suarez: jeffrey brown profiles chinese artist and dissident ai wei wei, whose work is on exhibit in the u.s. for the first time. >> if we can change ourselves, that means part of society will change. if more people can do so, then we can change the society. >> woodruff: and we look at what the federal trade commission calls a "digital danger zone," mobile applications that gather data about children. >> what needs to be done is a way for parents to easily at any time see exactly what's being collected and who they are sharing that information with. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a hethy, pductive fe. and with the ongoing support of these institutions and foundations. and... th
FOX Business
Dec 11, 2012 10:00pm EST
, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is -- where is the outrage that lenny brewer, already -- certainly implicated in the "fast and furious" scandal is standing there, as spokesman u.s. justice department saying they are not going to prosecute. >> you se
PBS
Dec 11, 2012 4:30pm PST
-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employees to join and pay dues. the move would make michigan, one of the most union-friendly states, the 24th "right to work" state, where union dues are voluntary. >> tom: more bumpy skies for boeing's 787 dreamliner. boeing's much anticipated and high-profile plane was grounded last week, according to "the new york times." the federal aviation administration also has ordered that fuel line connectors on all 787s be inspected. analysts call these problems minor hiccups. but as sylvia hall reports, the dreamliner's profitability to boeing right now is raising bigger concerns. >> reporter: boeing's 787 dreamliner promises to use about 20% less fuel than other planes. that's a big deal for an airline industry struggling with fuel costs.
FOX Business
Dec 11, 2012 1:00pm EST
a pro. melissa: breaking news right now. the justice department announcing hsbc will pay a whopping $1.9 billion to settle a money-laundering probe. o'connell charges be filed? adam shapiro in the news from following this story so closely and has more now. adam. >> we're all getting caught up in $1.9 billion historic fine, but not one person from hsbc will be prosecuted for what the assistant u.s. attorney general says was blatant and egregious violations of u.s. law. it is worse than that. they went on his hsbc work with governments to break the law, foreign governments with terrorists they threatened by their actions the lives of u.s. citizens. saying at one point, and this is a quote, he says i don't think anyone is alleging hsbc was the mastermind of many of these schemes. rather the compliance was so lax that it was allowed to happen. listen to what he said at the beginning of the conference about how hsbc helped governments rake the law. in his own words. >> on at least one occasion hsbc instructed a bank in iran how to format payment messages so that the transactions would not b
Current
Dec 13, 2012 4:00pm PST
with the young turks with cenk uygur. >> it's go time. >> cenk: hsbc is a british bank, one of the largest in the world. they were recently caught dealing not only with drug records and running their money across the world but also al-qaeda and other terrorist groups. of course, as you know, in today's world there will be no consequences. there's a minor fine, but absolutely no one will go to jail. ryan ross of abc news has more. >> when the most ruthless members can he be drug cartels wanted to hide their money they went to hsbc, along with terrorists, all customers of a bank known around the world. today, u.s. authorities said they were holding the british-based bank account automobile. psbc agreed to pay a record $9.12 billion in forfeitures. >> the largest ever. a did he everred prosecution agreement means there will be no prosecution of the bank or its top executives despite more than a decade of dealing with criminals and terrorists. >> cenk: now you heard their record fine, $1.9 billion sounds like a lot of money. why do i say it's a small fine. there's the executives testifying. th
FOX Business
Dec 11, 2012 7:00pm EST
, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-sizprice. this is awesome. [ male annncer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. l
FOX News
Dec 11, 2012 12:00pm PST
from lansing. not one worker from europe's biggest bank, hsbc, will far us a criminal charge after they were accuses of failing to guard against terrorists, tax cheat and drug cartels but agreed to pay a record $1.9 billion fine to settle the case. that probably won't hurt this bank at all. last quarter, they reported $2.5 billion in net profit. according to the treasury, the failure to police transactions allowed hundreds of millions of dollars in drug money from mexican cartels to flow into the united states. the feds report the bank broke finance laws when they did business with iran and libya and cuba and others. under their deem with the feds, the bank will pay the record fine, change some policies, but not one bank employee will ever face criminal prosecution. the prosecutors say department of justice officials wanted to bring criminal charges but decided not to not because of a lack evidence but because it would put the future of the largest banks at risk. think of that. not because they didn't have the goods. they were worried about the banking system. this says clearly it
CNBC
Dec 11, 2012 4:00am EST
.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about
PBS
Dec 11, 2012 7:00pm PST
, thanks. it seems bankers were a little too lax with their bankers. hsbc has agreed to pay a fine in the united states in connection with charges of money laundering. media reports say the fine will be the largest ever paid by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the
Current
Dec 20, 2012 4:00pm PST
's how it goes. hsbc perhaps even worse. here's a bank that did business with apparently the bank that funded al-qaeda, including wiring money to one of the 9/11 attackers that did business with the drug lords. what do they get? a $1.5 billion fine. nobody gets arrested. why? they're too big to jail. brian asked about that in this report. watch this. >> this is a very just, very real and very powerful result. >> you don't think the bank got off easy? >> no, and i don't think the bank thinks it got off easy. >> $38 billion in profits over the last two years hsbc can easily afford it's payment. >> cenk: yeah, a joke. nonsense. i mean, the fact that these guys are not in jail when they're the biggest money launderers for drug straighters in the world. stephanie george is sitting in jail and has a life sentence because her exboyfriend hid cocaine in her attic. her earlier convictions were for drug transactions equalling $40 and $120. $40 and $120, life sentence. the top bankers who funneled all the money to the drug lord says, no sentence. there's just no justice in that. kneel parovs
ABC
Dec 11, 2012 6:00pm PST
they say this accident could have been avoided. >> british bank hsbc will pay a $1.9 kbrinl fine following a money laundering probe. authorities accused bank of laundering for drug traffickers in america america. hsbc intentionally allowed illegal transactions to countries such as iran, libya ask sudan. the penalty not just financial. to continue doing business in the united states, the bank must make reforms. >> requiring to implement reforms that we expect to be the model in the financial industry. >> hsbc chief executive says he's sorry for past mist yikz a new scholarship fund established at uc berkeley will offer financial aid to undocumented students. the first of its kind in the nation not without controversy. abc 7 news is here now with the story. >> right. other universities like texas and michigan are liking what they see at berkeley. they want to sty⌝a >> he escaped from violence in mexico when he was 16, landing in los angeles. year later he graduated with honors and was the only student at his high school to get into uc berkeley. >> everybody was happy except me. i was like.
CBS
Dec 11, 2012 4:00am PST
" time on tuesday. a record fine for hsbc, and could apple's faulty maps be life threatening? ashley morrison with that and more from new york. good morning to you. >>> good morning to you. asian markets were cautious as u.s. leaders agreed to reach a budget deal to avoid the fiscal cliff. tokyo's nikkei gained a fraction while hong kong's hang seng added a quarter percent. >>> this week the federal reserve is expected to announce a new bond-buying program aimed at lowering interest rates. if it works, it might soften the blow if the nation goes over the fiscal cliff. fed chair ben bernanke has said if a budget deal can't be reached, there's little the central bank can do to offset the shock of those spending increases and tax cuts. >>> a strong sales report from mcdonald's offset wall street's worries about the fiscal cliff negotiations. the dow added 15 points while the nasdaq gained 9 points. >>> hsbc is paying a record $1.9 billion to settle a federal and state money laundering probe. the british bank was under investigation for allegedly transferring billions of dollars on behal
FOX News
Dec 11, 2012 4:00pm PST
. thanks. a stunning admission from one of the biggest banks in the world. the bigs at hsbc admit that they laundered money for drug cartels. they allowed forbidden transactions with countries including libya and iran. but nobody is going to prison. instead the bank executives are just saying we are sorry and paying a fine. the justice department announced agreement with hsbc the biggest bank in all of europe. as part of of the deal hsbc agrees to pay $1.9 billion in fines. a lot of money certainly. but for this bank it's the equivalent of roughly seven weeks of profits. in exchange, these are among the charges that will now disappear. laundering more than $880 million in drug money. and allowing $660 million in prohibited transactions from countries including libya, cuba, burma, sudan and iran. federal prosecutors say the bankers didn't just look the other way, they actually went a step further. one occasion hsbc instructed a bank in iran on how to format payment messages so that the transactions would not be blocked or rejected by the united states. >> shepard: in other words, t
CNBC
Dec 3, 2012 4:00am EST
factories pick up the pace in november, both hsbc and the official pmi readings hit multimonth highs, both in expansion territory. it's another month of contraction for manufacturing in the eurozone. the region still in the grip of the crisis. white house and congress may need to call the auto club to jump-start budget talks which have stalled on discussions over taxes. and singapore airlines confirms it's in talks to sell its stake in virgin atlantic. delta is amongst the frontrunners. comes around quickly. december, we're already here. not long before christmas and we have the november final pmis out of the eurozone confirmed at 46.2. that was the flash, 45.4 was october. so slightly higher. the highest since march. but 46 still deep in contraction territory. output numbers, 46.1. so that's going in the right direction. and the final manufacturing pmi export orders 46.4. again, a tick higher than the 45.9 flash, the highest since march. so the contraction activity easing to an eight month low if you can explain away like that. euro-dollar 1.3026. we did gets a high as 1.3048 which would
ABC
Dec 12, 2012 1:40am PST
hsbc. the government says the british bank did business with drug lords and terrorists yet faces no criminal charges. brian ross reports. >> reporter: when the most ruthless of the mexican drug cartels wanted to hide their money, they went to hsbc. so did hamas and al qaeda, along with iran and other countries and the u.s. financial blacklist. all customers of a bank known well around the word. but given much less prominence in the announcement was a deferred prosecution agreement with hsbc, meaning there will be no prosecution of the bank or its top executives. despite more than a decade of dealing with criminals and terrorists. >> this is a very just, very real and very powerful result. >> you don't think the bank got off easy? >> no, and i don't think the bank thinks it got off easy. >> reporter: but with $38 billion in profits over just the last two years alone, hsbc can easily afford its $1.92 billion payment. >> this is a signal to other banks that if you do this kind of stuff, you'll get a parking ticket, you'll pay the fine and move on. >> reporter: since this summer, whe
CNN
Dec 11, 2012 11:00am PST
to the meltdown. also today, global banking giant hsbc agrees to a record payment $1.92 billion. yes, that's billion with a b to settle accusations of money laundering. check this out. a report by the senate banking committee found that hsbc in mexico shipped $7 billion in cash across the u.s. border. 7 billion bucks, no way there wasn't a bunch of drug money there. great guest here on this today, a man who told me at the commercial break likes to get to say, i told you so. neil barofsky, the head of hsbc here, his name is stuart gulliver. we accept responsibility for our past mistakes, goes on to say we have said we're profoundly sorry and we say so again. neil, is there any way these banking officials did not know they were dealing with drug money? >> look, you look at the scope and size of the conduct that is described in the settlement and just the number of the settlement of $2 billion. >> huge. >> the notion this wasn't something that was known on senior levels of the banks. at least they had plenty of reason to suspect that this was ongoing. and gulliver should be happy today. he ju
CNBC
Dec 11, 2012 2:00pm EST
to be a pattern that's developing. hsbc avoids prosecution, deferred prosecution, keep their act clean, pay a fine and they move on. it's a big fine but all of about six weeks worth of revenue for this country. are you comfortable with the way this is playing out? >> scott, this is a very, very historic resolution. hsbc is not simply walking by and shaking its hands and saying we're done. they are being held accountable in a way that's almost never been done before. first the entire management in leadership involved at the time these crimes or this conduct because going on is completely gone. their compliance program has been increased dramatically. whether they had 70 or 80 people doing this kind of work, they have over 800 people, probably a couple dozen consultants, now they have probably 250 or 300. for the first time ever, a foreign financial institution is going to have a monitor. that monitor is going to be involved for five years. deferred prosecution agreement is for five years. senior executives are giving up bonuses. we've clawed back. moreover, any point they do anything wrong whatsoev
ABC
Dec 11, 2012 6:00am PST
, global banking giant hsbc will pay 1.9 billion dollar fine to settle allegations it engaged in money laundering. the money is believed to be tied to mexican drug cartels even terrorism. hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >> in the last hour we learned delta is buying a 49% stake in virgin atlantic airlines, delta wants better access to heathrow in hahn done, the two are agenting in -- in london. virgin atlantic owned by sir rich and branson who owns a stake in virgin america airlines. >>> got milk? the reason fewer americans are drinking dairy. >>> first, cashmere sweaters. michael finney and consumer re >>> we come back. water vapor in the air, n
CBS
Dec 11, 2012 4:30am PST
red flags pointing to money laundering. the penalty for hsbc is $1.9 billion. a senate report says hsbc mexico shipped billions of dollars of cash to the u.s., money believed to be tried to drugs and terrorism. >>> a report sent hewlett- packard soaring leading to a higher dow yesterday. the report says activist investor carl icahn plans to put a stake in hp which helped the stock, down 45% in the year. icahn is said to be worth more than $14 billion and his hedge fund was one of the top performers last year. >>> it's been a record holiday season for seasonal workers. job placement firm challenger, grey and christmas says retailers hired 465,000 seasonal workers last month up 21% from a year ago. and it's the most ever hired in november. challenger says holiday hiring could reach 760,000 by the end of the month. >>> it looks like the new university of california's logo is here to stay. that despite over 42,000 petition signatures against it. let's take a look. the new more modern uc logo came out six months ago and is appearing on more and more uc websites and publications. i'm not
CNN
Dec 11, 2012 9:00am PST
. a record settlement but no prosecution at global banking giant hsbc. admits it failed to stop money laundering by mexican drug cartels and terrorism financiers. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >>> this is where high finance and street crime intersect could be a problem on your street as well. talking about the banking giant hsbc, europe's largest, have to pay $2 billion to settle investigation by u.s. prosecutors who are looking into international drug money laundering. investigators say the bank ignored rules that could have stopped this laundering operation, that the money went to drug cartels and terrorists. jim bolden is joining us london. what happened? >> reporter: well, suzanne, this is interesting. all of these banks have been fined by the u.s. government over last few years but hsbc, by far, the biggest. this fine, as you say, $1.9 billion. the go
CNN
Dec 11, 2012 6:00am PST
.9 billion, that's how much global banking giant hsbc is paying the united states government to resolve accusations of money laundering for mexican drug cartels and terror-linked groups in saudi arabia. business correspondent christine romans joins us now from new york, and it's a serious allegation here. >> it really is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the who
CNN
Dec 11, 2012 2:00am PST
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also classif
FOX Business
Dec 13, 2012 1:00pm EST
%. a move snapping two straight days of gains. ashley: on deck hsbc paying uncle sam nearly $2 billion for money-laundering by fox news judge andrew napolitano says the bank owes nothing. tracy: first, a look at the 10 and 30-year treasuries heading out to break. >> i am lori rothman. comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: breaking news from major league baseball. the associated press reporting texas rangers gm say
KCSMMHZ
Dec 19, 2012 2:30pm PST
week ago, hundreds of policemen into a bank in search of proof of tax fraud. hsbc has to pay $2 billion in a money-laundering case. the financial industry is working very hard for its bad reputation. the german dax is up 0.3%. euro stoxx 50 up .3%, and the euro is coming close to $1.30. >> finally good news for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5,
Univision
Dec 12, 2012 5:00am PST
, quien fue a operarse de cancer en cuba, pasa los momentos mas duros de su vida. y el banco "h-s-b-c" pagara una penalidad de mas de mil 900 millones de dolares a estados unidos por prestarse para operaciones de lavado de dinero.la primera informacion en despierta america . >> [♪ ♪] . >> cada vez más fotos de los fanáticos que imortalizaron como prometimos lo compartimos . >> hace meses también se unió a generación américa , como saben de univisión para compartir su historia y contar como lucho por sus sueños . >> estamos para ver esta entrevista . >> así es . >> inedita . >> se hizo en los Ángeles para generación américa , con varias personalidades . >> jenni rivera fue una , también hablo de los sacrificios de la importancia de la familia y del idioma español . >> [♪ ♪] . >> creo que esta carrera la lucha para llegar a ser exitoso , . >> así describe lo difícil que era su profesión . >> estar viejando cada fin de semana, a diferentes países es difíciles para una mujer . >> su familia su prioridad, su deseo era más tiempo a sus 5 hjos . >> quiero ser
Univision
Dec 13, 2012 6:30pm PST
con el ejecutivo del banco inglés, hsbc que involucró al banco con el lavado de activos en méxico, además las últimas noticias de la diva de la banda. >>> gracias, el papa benedicto xvi dijo que las imágenes de al mula y el buey no corresponden al pesebre ,pero en el vaticano pudo más la tradición. >>> grandes artistas hispanos como jenni rivera solo ocupan un lugar e la prensa anglosajona después que mueren, ya regresamos >>> únase a la causa en apoyo a la fundación teletón usa, como cada año un nacimiento o pesebre adorna el vaticano, en su libro, el papa benedicto xvi desechó las imágenes del buey y la mula, por considerar que no hay referencia bíblica, pero en el pesebre de el vaticano hay beuy y mula. >>> para muchos medios anglosajones, no sabían quién era ni qué hacía jenni rivera. >>> su rostro ha estado presente en todas las cadenas de televisión de estados unidos, pero jenni rivera la súperestrella que vendió más de 15 millones de discos, fue ignorada por la prensa de estados unidos. >>> es que e suan mujer que ha hecho historia, y la prensa de e
KICU
Dec 10, 2012 7:00pm PST
to ensure security. >>> there is word tonight that hsbc will pay billions of dollars to settle a money laundering prone. the bank will pay a record 1.25 billion dollars in forfeiture. the british banking has laundered money through the american financial system. >>> fans held a tear filled in southern california for a star. rivera was killed when a plane went down in mexico. >>> our consumer editor reports a 6-1/2 million dollars upgrade is set to begin at 10:00 tonight. >> reporter: for commuters, the toll plazas is an all too familiar site that they often get a good morning look at. >> the exterior is going to be remaced with prepainted cast aluminum panels. they'll be in a white color to match the tell administration building that you see behind me. that in turn is designed to comp meant the white color the new east span of the bay bridge so that there's a consistent design theme. >> those colors coordinate with the port of oakland. any lane closures would happen between 10:00 and 5:00. >> the inconvenience is going to be negligible. >> the last highway 80 gas station before y
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